Mariner LLC Increases Stock Position in Regions Financial Co. (NYSE:RF)

Mariner LLC increased its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,721 shares of the bank's stock after buying an additional 14,760 shares during the period. Mariner LLC's holdings in Regions Financial were worth $3,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in RF. World Investment Advisors LLC raised its position in shares of Regions Financial by 14.5% in the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank's stock valued at $369,000 after buying an additional 2,010 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Regions Financial during the third quarter valued at $56,000. Tidal Investments LLC lifted its holdings in shares of Regions Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 127,326 shares of the bank's stock worth $2,971,000 after purchasing an additional 2,531 shares during the period. Synovus Financial Corp grew its stake in shares of Regions Financial by 55.9% in the third quarter. Synovus Financial Corp now owns 375,572 shares of the bank's stock worth $8,762,000 after purchasing an additional 134,615 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Regions Financial by 30.9% in the third quarter. Franklin Resources Inc. now owns 702,627 shares of the bank's stock valued at $16,758,000 after purchasing an additional 165,710 shares during the period. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 2.6 %

Shares of NYSE RF traded up $0.52 during trading on Thursday, hitting $20.54. The stock had a trading volume of 8,694,614 shares, compared to its average volume of 8,106,685. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a fifty day moving average of $21.32 and a two-hundred day moving average of $23.49. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The company has a market capitalization of $18.60 billion, a PE ratio of 10.59, a PEG ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter last year, the business posted $0.37 EPS. As a group, equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.87%. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Analyst Upgrades and Downgrades

RF has been the subject of several recent research reports. Morgan Stanley decreased their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Stephens decreased their target price on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Monday. JPMorgan Chase & Co. dropped their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Truist Financial dropped their target price on shares of Regions Financial from $24.00 to $21.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Barclays decreased their price target on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.53.

Insider Activity

In other news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company's stock.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.